Supplementary Death Benefit Regulations
10 (1) Subject to subsection (2), every elective participant shall contribute to the Consolidated Revenue Fund $0.15 each month for every $1,000 of the basic benefit if the participant
(a) on ceasing to be employed in the Public Service is entitled to an immediate annuity under Part I of the Act;
(b) on ceasing to be employed in the Public Service after March 31, 1995 is entitled to and has opted for an annual allowance payable within thirty days after so ceasing;
(c) on ceasing to be required to contribute to the Retirement Compensation Arrangements Account by section 8 or 9 of the Retirement Compensation Arrangements Regulations, No. 1 is entitled to an immediate annuity;
(d) on ceasing to be required to contribute to the Retirement Compensation Arrangements Account by section 8 or 9 of the Retirement Compensation Arrangements Regulations, No. 1 is entitled to an immediate annual allowance; or
(e) on March 31, 1995 was an elective participant and
(i) was receiving an annual allowance under Part I of the Act and had been receiving the annual allowance since a date not later than 30 days after ceasing to be employed in the Public Service, or
(ii) had been receiving an annual allowance under Part I of the Act since a date not later than 30 days after ceasing to be employed in the Public Service but, on March 31, 1995, was entitled to an immediate annuity under that Part.
(2) The contribution required under subsection (1) is reduced by $1.50 per month, in respect of a participant who is 65 years of age or older and who
(a) on ceasing to be employed in the Public Service is entitled to an immediate annuity under Part I of the Act;
(b) is a person who is entitled to an immediate annual allowance; or
(c) on ceasing to be required to contribute to the Retirement Compensation Arrangements Account by section 8 or 9 of the Retirement Compensation Arrangements Regulations, No. 1 is entitled to an immediate annuity.
(3) The reduction referred to in subsection (2) is effective on the earlier of April 1st or October 1st after the day on which the participant attains 65 years of age.
- SOR/92-716, s. 2
- SOR/95-163, s. 1
- SOR/99-378, s. 2
- Date modified: